Link Between Financial Market & Cyber Criminals Established

The Spanish security firm PandaLabs indicated that slumping markets over the past few months has resulted in a sharp rise in the rate of malware attacks. The firm alleged that the shocking link discovered between the markets and online attacks exposed the close alliance between online crimes and the economy.

While discussing its recent discoveries, PandaLabs told that during September 8-10, 2008 when market was down, the day-to-day online crime rate rose from 10,150 to over 24,000. Cyber crime attacks again jumped from 8,276 to about 31,400 per day during the second significant crash in between September 14-16, 2008.